U.S. Renewable-Gas Demand Seen Jumping in Push to Cut Emissions

U.S. demand for natural gas that can be produced from waste and other renewable sources could jump 45-fold over the next two decades as utilities seek to reduce their carbon emissions, according to BloombergNEF.

Consumption of so-called renewable gas, which so far has been mostly used to replace diesel in truck and bus fleets, could reach as much as 3.15 trillion cubic feet per year by 2040 as it becomes a “key decarbonization tool” for gas utilities, BNEF analyst Jade Patterson said in a report Tuesday. That would compare with about 70 billion cubic feet in 2021.